Simon Property Group (NYSE:SPG) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Simon Property Group, Inc. NYSE: SPG. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $50,001 and $100,000 in Simon Property Group stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Advanced Micro Devices NASDAQ: AMD on 3/31/2025.

Simon Property Group Trading Up 1.5 %

Shares of SPG stock traded up $2.26 on Friday, reaching $150.31. 1,267,314 shares of the stock were exchanged, compared to its average volume of 1,503,931. Simon Property Group, Inc. has a 1-year low of $136.34 and a 1-year high of $190.14. The stock has a market cap of $49.04 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 10.10 and a beta of 1.45. The company has a quick ratio of 2.00, a current ratio of 1.28 and a debt-to-equity ratio of 7.19. The firm has a 50 day moving average of $166.96 and a two-hundred day moving average of $172.57.

Simon Property Group (NYSE:SPG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $1.70. Simon Property Group had a net margin of 41.49% and a return on equity of 74.02%. On average, research analysts anticipate that Simon Property Group, Inc. will post 12.54 EPS for the current year.

Simon Property Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $2.10 dividend. The ex-dividend date was Monday, March 10th. This represents a $8.40 dividend on an annualized basis and a dividend yield of 5.59%. Simon Property Group's dividend payout ratio (DPR) is presently 115.70%.

Hedge Funds Weigh In On Simon Property Group

A number of institutional investors and hedge funds have recently bought and sold shares of SPG. Hopwood Financial Services Inc. bought a new stake in Simon Property Group during the fourth quarter worth approximately $28,000. WR Wealth Planners LLC raised its stake in shares of Simon Property Group by 328.2% in the 4th quarter. WR Wealth Planners LLC now owns 167 shares of the real estate investment trust's stock worth $29,000 after buying an additional 128 shares in the last quarter. New England Capital Financial Advisors LLC bought a new stake in shares of Simon Property Group in the 4th quarter worth $30,000. Caisse Des Depots ET Consignations acquired a new stake in shares of Simon Property Group in the fourth quarter valued at $31,000. Finally, TCTC Holdings LLC bought a new position in Simon Property Group during the fourth quarter valued at about $34,000. Institutional investors own 93.01% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on SPG shares. Piper Sandler raised shares of Simon Property Group from a "neutral" rating to an "overweight" rating and upped their price target for the company from $175.00 to $205.00 in a report on Wednesday, February 5th. Stifel Nicolaus raised Simon Property Group from a "hold" rating to a "buy" rating and set a $168.50 price objective for the company in a report on Wednesday, April 9th. Jefferies Financial Group raised Simon Property Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $179.00 to $198.00 in a report on Thursday, January 2nd. StockNews.com lowered Simon Property Group from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Finally, Scotiabank set a $186.00 price target on shares of Simon Property Group in a report on Friday, February 28th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $181.39.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Simon Property Group

Simon Property Group, Inc NYSE: SPG is a self-administered and self-managed real estate investment trust (REIT). Simon Property Group, L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties and other assets. In this package, the terms Simon, we, our, or the Company refer to Simon Property Group, Inc, the Operating Partnership, and its subsidiaries.